Cincinnati Real Estate

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Kathy S. Koops GRI

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News Flash Cincinnati Condo Sales Stats?

filed under: Real Estate posted on July 22nd, 2017

News flash on Cincinnati condo sales stats for through the first half of 2017.

Update: June Stats from the Cincinnati Board of Realtors

Headline worthy news, the average sale price is up in all 4 counties. Currently, the average sale price for condos in greater Cincinnati is $165,845  compared to $143,128 during the same time frame in 2016.- 

According to the Cincinnati Multiple Listing Service has 528 condos listed for sale.

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Sales volume comparing year-to-date in the 4 counties below.  Data pulled from the Multiple Listing Service of Greater Cincinnati:

Flash condo sale numbers

The CincyMLS covers all the surrounding counties (as far north as Dayton) and sale prices do vary by areas.  As you’ll see the average sale price in all the counties increased from the same time frame last year.

  2016   2017  
  # Units Avg Sales Price # Units Avg Sales Price
Butler 245 $96,654 258 $103,145
Clermont 178 $122,057 171 $133,641
Hamilton 792 $157,309 838 $192,833
Warren 246 $164,333 249 $171,752
         
         

As condo prices increase sellers need to “tune in” to their local market so their property isn’t For Sale long after other condos have sold.

Condo list price versus sale price in Cincinnati

The number of condos for sale continues to discourage potential buyers from writing contracts.  The warm weather and activities surrounding heading back to school are also impacting local condo sales.  Stay on top of market conditions with daily or weekly updates from RealtorĀ® and don’t ignore warning signals that it’s time to drop the list price.

Questions real estate in your complex or neighborhood-send a request for a full market evaluation.  Anything else – Call/Txt

 

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